Please see below for a few informational items for CIRS Participating Employers.

Voya eDelivery Flyers

Voya has identified members who are not currently using the edelivery option for communication from Voya. On September 30, 2019, Voya mailed out postcards to encourage this group to take advantage of the e-delivery option and use their online system. The links to flyer versions in English and Spanish of that same postcard to be displayed in your offices are found below.

Please contact our office at 212-674-0101 and ask to speak to a Member Servicers Representative if you have any questions.

CIRS eDelivery Flyer Spanish

CIRS eDelivery Flyer

CIRS eDelivery Postcard

2019 Pre-Retirement Workshop Schedule

The CIRS office holds monthly workshops for members planning to retire (generally within the next 6 months). The CIRS staff will explain all the options and decision points members face upon retirement.  The meeting is about 2 hours and is located at the CIRS office at 225 W 34th Street, Suite 1106.  Members may bring family members or another guest to the meeting, however, registration is required as space is limited.  Members can register by calling the CIRS office at 212-674-0101.   The 2019 Pre-Retirement workshop schedule below can be distributed to employees or posted in common areas in your workplace.

As a reminder, in addition to the Pre-Retirement workshops, members that need assistance completing their final retirement paperwork, can make an appointment for a private meeting with a CIRS staff member.  These one-on-one meetings are by appointment only.  Appointments can be made by calling the CIRS office at 212-674-0101.

2019 Pre-Retirement Workshop Schedule

2018 Voya Encourage to Save Flyers

Since contribution to the CIRS 401(k) Savings Plan became optional on January 1, 2017, the overwhelming majority of new members are not making 401(k) deferrals. The purpose of these flyers is to stress the benefits of 401(k) participation, please hang them in a location where all employees can view them easily. For members that prefer Spanish, Voya has prepared the enrollment encouragement flyers in Spanish as well as English, and they are located below.

2018 Voya Encourage to Enroll Flyer
2018 Voya Encourage to Enroll Flyer – Spanish


2018 Voya Encourage to Save Mailing

Voya has identified members that never contributed or did in the past but then stopped. On June 7, 2018, Voya mailed out postcards encouraging members to start or restart contributing to their 401(k) plans. The links to the postcards can be found below.

2018 Voya Start Contributions Postcard
2018 Voya Restart Contributions Postcard

2019 IRS Compensation Limits

The IRS sets annual limits on the salary that can be used in a retirement pension plan such as the CIRS Pension Plan.   These limits are applied on a plan year basis (July 1 – June 30).  The CIRS Pension Plan already takes these limits into account for all required purposes (benefit amounts, employer contributions, etc..).  However, you as the employer, must be aware of these limits as they apply to the employee contributions for Tier II Members under the CIRS Pension Plan.  The July 1, 2018 – June 30, 2019 compensation limit is $275,000 and the July 1, 2019– June 30, 2020  limit is $280,000.


2019 IRS Pre-Tax Contribution Limits

The IRS sets annual limits on the amount of pre-tax contribution employees can make to a 401(k) plan.  These limits are applicable on a calendar year basis (January 1 – December 31).  For 2019, the IRS announced an increase in annual pre-tax limits to $19,000 for regular contributions.  There was no change for catch-up contributions which remains unchanged at $6,000.

2019 Employee Contribution Catch-up Form

Employee contribution elections (pre and post-tax) to the CIRS 401(k) Savings Plan should be made by members through Voya.  However, if members wish to elect catch-up contributions, they must complete the attached Catch-up Form and submit to you (the employer).  Catch-up contributions are additional pre-tax contributions for those members who will be age 50 or older by the last day of the calendar year can make in excess of the IRS regular pre-tax contributions.

2019 Catch-up Contribution Form

CIRS Member Resources Guide

In order to assist our employers and our members, we have created the CIRS Member Resources Guide below with the current contact information for our vendors.  The flyer has the phone number and website information for each of the CIRS plans on one page.  The second page contains a reminder of the CIRS office’s preretirement workshops and one-on-one meetings.  Please provide this flyer to all your CIRS Eligible Employees.

CIRS Member Resources Guide

CIRS Plan Highlights

The CIRS Plan Highlights provide a high-level overview of the CIRS Plans which can be distributed to your CIRS Eligible Employees.  Note that there are two separate Plan Highlights – one for Eligible Employees who were hired prior to October 1, 2016 (Tier I Members under the Pension Plan) and one for Eligible Employees hired on or after October 1, 2016 (Tier II Members under the Pension Plan).

CIRS Plan Highlights Tier I as of 11.8.18
CIRS Plan Highlights Tier II as of 11.8.18